According to MarkNtel Advisors, the Global Organic Dyes and Pigments Market is projected to grow at a CAGR of around 6.01% during the forecast period, i.e., 2023-28. The growth is attributed to the massive requirement for colors from the textile industry in different segments such as uniforms, upholstery, sheets, carpets, fashion, and more. High textile demands are majorly fueling the expansion of the market.
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Organic dyes and pigments are made from natural materials, such as flowers, fruits, etc. Organic pigments do not attach to the surface of the colored element through the adhesive or film-forming material to achieve the purpose of coloring the object, as they do not have an affinity to the colored substance. Dye and pigments are the primary forms of colorant where dyes are soluble, and pigments are insoluble and are suspended in a medium or binder.
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Manufacturers Relocating or Establishing New Branches in The Asia Pacific – Developing urbanization in the countries of the Asia-Pacific region has attracted many giant corporations to either shift or establish branches in the area. Along similar lines, the organic dye & pigment manufacturers are also moving their production bases to the region to benefit from the low cost of production, establishing bases in the expanding industries and serving the local emerging markets. In addition, the more robust regional market of sectors such as textiles, plastics, construction, and others is also attracting manufacturers to flourish their business globally, creating new opportunities for the industry.
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